The Ronin hack has been tied to the North Korean hacker group, Lazarus. Meanwhile, a disgruntled investor sued OlympusDAO and allegedly doxxed one of its founder.
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Ronin Hack Connected to North Korean Hackers, According to US Officials
The US Treasury Department added the wallet containing the stolen funds from the Ronin hack to its sanctions list against North Korea. The wallet was tied to Lazarus Group, an infamous hacker group sponsored by the North Korean state. By blacklisting the wallet, US officials try to prevent the remaining $443 million from being laundered. Read more!
Investor Files Lawsuit Against OlympusDAO Co-Founder
An Australia-based investor filed a lawsuit against one of the OlympusDAO founders, accusing the project of failing to hold up an investment agreement. The filing allegedly identifies “Apollo” and will test the court’s limits over settling cases that involve pseudonymous founders and DAOs. Read more!
Report Ranks Germany as the Most Crypto-Friendly Nation
A report by Coincub, a crypto exchange aggregator, ranks Germany as the most crypto-friendly country. Germany replaced Singapore, thanks to positive developments in its financial sector and changes to crypto regulation. Further rankings saw the US as the top mining country and Hungary as the top crypto tax country. Read more!
Amazon CEO, Andy Jassy, Bullish on Crypto And NFTs
Andy Jassy, the successor of Jeff Bezos as Amazon CEO, said Amazon “is not close” to adding crypto payments for its retail customers. Still, he was optimistic about crypto and NFTs in a CNBC interview, saying that the sale of NFTs by Amazon is “possible down the road on the platform.” The interview clarified swirling rumors that Amazon may soon follow other companies in accepting crypto payments. Read more!
Ava Labs Raises $350 Million at a $5.25 Billion Valuation
Ava Labs, the lead developer behind Avalanche, is raising $350 million at a $5.25 billion valuation, according to Bloomberg. This follows last year’s $230 million token sale, and the $200 million incentive program introduced by Avalanche. Read more!
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